Tēnā koe,
Following recent public consultation, Hon James Shaw, Minister for Climate Change, has announced New Zealand Emissions Trading Scheme (NZ ETS) settings and auctioning rules. The announcements include setting a provisional emissions budget, the NZ ETS cap, and price control settings. Hon Shaw has also announced that the fixed price option will be extended to cover 2020 activities and increase to $35.
ETS surrender obligations for mandatory participants for the 2019 emissions reporting period are due by 31 May 2020.
We understand that this is a difficult time for many organisations. The EPA is currently open, and we are operating as per the requirements of the government lockdown in response to the Covid-19 pandemic. Our staff are working from home, which may mean our ability to respond to your questions may take a little longer than normal.